Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$114,000
Income Tax
- S$22,926
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$24,126
Net pay
*
S$89,874
Marginal tax rate
22.0%
Average tax rate
21.2%
78.8%
Net pay
21.2%
Total tax
Total tax
Net pay
The Taxberg
S$89,874
Net pay
S$1,020
Tax the employer pays
S$24,126
Tax you pay
Total tax paid
S$25,146
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$114,000. In other words, every time you spend S$10 of your hard-earned money, S$2.21 goes to the government.
Real tax rate
21.9%
So, with you and the employer both paying tax, what used to be a 21.2% tax rate now rises to 21.9%, meaning your real tax rate is actually 0.7% higher than what it seemed at first.
Summary
If you make S$1,368,000 a year living in Singapore, you will be taxed S$289,510. That means that your net pay will be S$1,078,490 per year, or S$89,874 per month. Your average tax rate is 21.2% and your marginal tax rate is 22.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of S$100 in your salary will be taxed S$22, hence, your net pay will only increase by S$78.
Bonus Example
A S$1,000 bonus will generate an extra S$780 of net incomes. A S$5,000 bonus will generate an extra S$3,900 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
SGD 776,030
43.3%
1
Canada
SGD 666,970
51.2%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
SGD 1,222,110
10.7%
1
Hong Kong
SGD 1,139,827
16.7%
2
Singapore
SGD 1,078,490
21.2%
3
Indonesia
SGD 929,735
32.0%
4
Thailand
SGD 907,628
33.7%
5
Pakistan
SGD 895,174
34.6%
6
Vietnam
SGD 891,393
34.8%
7
Philippines
SGD 858,705
37.2%
8
Taiwan
SGD 854,485
37.5%
9
New Zealand
SGD 848,715
38.0%
10
Malaysia
SGD 833,089
39.1%
11
China
SGD 790,371
42.2%
12
Japan
SGD 772,577
43.5%
13
South Korea
SGD 754,293
44.9%
14
Australia
SGD 750,726
45.1%
15
India
SGD 449,064
67.2%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 1,211,828
11.4%
1
Brazil
SGD 992,550
27.5%
2
Costa Rica
SGD 933,412
31.8%
3
Panama
SGD 922,028
32.6%
4
Mexico
SGD 895,645
34.5%
5
Puerto Rico
SGD 892,012
34.8%
6
Argentina
SGD 889,191
35.0%
7
Uruguay
SGD 867,339
36.6%
8
Colombia
SGD 865,958
36.7%
9
Chile
SGD 853,398
37.6%
10
Peru
SGD 848,431
38.0%
11
Ecuador
SGD 798,626
41.6%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
SGD 995,451
27.2%
1
Kenya
SGD 958,277
30.0%
2
Ivory Coast
SGD 931,829
31.9%
3
Nigeria
SGD 930,680
32.0%
4
Ghana
SGD 906,264
33.8%
5
Mozambique
SGD 892,153
34.8%
6
Zambia
SGD 841,710
38.5%
7
Cameroon
SGD 834,553
39.0%
8
Morocco
SGD 832,009
39.2%
9
Senegal
SGD 822,327
39.9%
10
South Africa
SGD 765,686
44.0%
11
Uganda
SGD 757,171
44.7%
12
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Middle East
Country
Net pay
Average tax
Rank
Kuwait
SGD 1,353,827
1.0%
1
Saudi Arabia
SGD 1,348,762
1.4%
2
Bahrain
SGD 1,342,390
1.9%
3
United Arab Emirates
SGD 1,299,600
5.0%
4
Qatar
SGD 1,299,600
5.0%
5
Oman
SGD 1,258,560
8.0%
6
Egypt
SGD 1,026,369
25.0%
7
Lebanon
SGD 1,026,253
25.0%
8
Turkey
SGD 796,993
41.7%
9
Israel
SGD 716,717
47.6%
10
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NOTE* Withholding is calculated based on the tables of Singapore, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. Income tax calculations include personal tax credit deductions. CPF calculations are determined for regular wages only, assuming there are no additional wages. This document does not represent legal authority and shall be used for approximation purposes only.